The cosmetics giant has announced the launch of a new corporate venture capital fund dubbed ‘BOLD Business Opportunities for L'Oréal Development,' which will focus on taking minority stakes in innovative startups.

Beauty brands and manufacturers who fail to embrace the rising zero waste movement will struggle to exist in the future, as more consumers shift towards eco-friendly companies amid environmental concerns.

The reality TV star and beauty entrepreneur has hinted in an interview that a skincare brand could be in the works, following her domination of the cosmetics industry via her KKW Beauty and KKW Fragrance brands.

Consumer goods giant Unilever said Thursday that its CEO is to retire with the Dove and Hourglass owner naming Alan Jope to succeed him. He has overseen rapid expansion in the beauty sector for the firm.

Hema plans to sell part of its store portfolio to franchisees in order to invest in the acceleration of its international expansion. It marks the latest move by the chain's new owner since its acquisition in October.